/  Managing Project Risks in the Oil and Gas Industry Training

Managing Project Risks in the Oil and Gas Industry Training

BMC Training provides a training course in Managing Project Risks in the Oil and Gas Industry in Oil and Gas Training

Course Title
Venue
Start Date
End Date
  • Kuala Lumpur
    11 - 3 - 2018
    15 - 3 - 2018
  • Istanbul
    25 - 3 - 2018
    29 - 3 - 2018
  • Muscat
    11 - 3 - 2018
    15 - 3 - 2018
  • London
    22 - 4 - 2018
    26 - 4 - 2018
  • Dubai
    29 - 4 - 2018
    3 - 5 - 2018
  • Paris
    22 - 4 - 2018
    26 - 4 - 2018
  • Kuala Lumpur
    27 - 5 - 2018
    31 - 5 - 2018
  • Istanbul
    6 - 5 - 2018
    10 - 5 - 2018
  • Muscat
    27 - 5 - 2018
    31 - 5 - 2018
  • London
    10 - 6 - 2018
    14 - 6 - 2018
  • Dubai
    17 - 6 - 2018
    21 - 6 - 2018
  • Paris
    10 - 6 - 2018
    14 - 6 - 2018
  • Kuala Lumpur
    15 - 7 - 2018
    19 - 7 - 2018
  • Istanbul
    8 - 7 - 2018
    12 - 7 - 2018
  • Muscat
    15 - 7 - 2018
    19 - 7 - 2018
  • London
    5 - 8 - 2018
    9 - 8 - 2018
  • Dubai
    26 - 8 - 2018
    30 - 8 - 2018
  • Paris
    5 - 8 - 2018
    9 - 8 - 2018
  • Kuala Lumpur
    2 - 9 - 2018
    6 - 9 - 2018
  • Istanbul
    2 - 9 - 2018
    6 - 9 - 2018
  • Muscat
    2 - 9 - 2018
    6 - 9 - 2018
  • London
    21 - 10 - 2018
    25 - 10 - 2018
  • Dubai
    7 - 10 - 2018
    11 - 10 - 2018
  • Paris
    21 - 10 - 2018
    25 - 10 - 2018
  • Kuala Lumpur
    4 - 11 - 2018
    8 - 11 - 2018
  • Istanbul
    25 - 11 - 2018
    29 - 11 - 2018
  • Muscat
    4 - 11 - 2018
    8 - 11 - 2018
  • London
    16 - 12 - 2018
    20 - 12 - 2018
  • Dubai
    23 - 12 - 2018
    27 - 12 - 2018
  • Paris
    16 - 12 - 2018
    20 - 12 - 2018
  • Kuala Lumpur
    13 - 1 - 2019
    17 - 1 - 2019
  • Istanbul
    6 - 1 - 2019
    10 - 1 - 2019
  • Muscat
    13 - 1 - 2019
    17 - 1 - 2019
  • London
    24 - 2 - 2019
    28 - 2 - 2019
  • Dubai
    3 - 2 - 2019
    7 - 2 - 2019
  • Paris
    24 - 2 - 2019
    28 - 2 - 2019

Objectives

  • To develop key risk management competencies such as developing an appropriate risk process for an organisation in the oil & gas Industry
  • To understand the key roles, responsibilities and activities associated with project risk management
  • To understand how best to apply appropriate tools and techniques to optimise risk management for your projects
  • To deal with the changing nature of risk through a stage gated project process
  • To understand the human side of risk in terms of risk perception
  • To understand the crucial challenges and lessons learned associated with oil and gas project risk management

Programme Outline

Fundamental Project Risk Management Concepts

  • What is risk?
  • What is different about project risk in the Oil and Gas Industry?
  • The dual nature of risk: – threats and opportunities
  • Business, operational and project risk
  • Introducing the risk management process
  • Planning risk management

Roles and Responsibilities and Identifying Risks

  • Key risk management roles and responsibilities
  • Good practices adopted in oil and gas organisations
  • Alternative approaches – which is right for your organisation?
  • Risk identification
  • Oil and Gas Industry specific techniques
  • Overview of MAR, LOPA, HAZID HAZOP
  • The ‘Bow Tie’ methodology
  • Tools and techniques for project risk identification
  • Alternative techniques based on team dynamic
  • Sabotage teams
  • Categorisation and the use of Risk Breakdown Structure (RBS)

Risk Analysis techniques

  • Alternative Risk Analysis assessment formats and recommended practices in the oil and gas industry
  • Qualitative /
  • Semi-Quantitative
  • Quantitative
  • Assessing Impact
  • Organisational / Business impact versus Safety / Environmental impact
  • Tools and techniques for risk analysis
  • Sensitivity Analysis
  • Expected monetary value analysis
  • Further factors to consider – the people side of risk
  • Perception, past experience and mental outlook
  • External factors – regulator activities & the effect of catastrophic incidents in the industry
  • Modelling and Monte Carlo simulation
  • Risk Analysis outputs

Planning Risk Responses and Implementing Risk Responses

  • Risk prioritisation
  • Risk response strategies
  • Action plan formulation
  • Action plan evaluation
  • Analytical evaluation process
  • Appropriate approval / endorsement of action plans
  • Implementing and monitoring
  • Variance and trend analysis
  • Earned value management
  • Implementing response plans – good practices

 Reporting and Communicating Risk, Extracting Lessons & Lessons Learned from the Industry

  • Risk reporting
  • Escalating risks
  • Reserve analysis
  • Embedding the process
  • How to identify and feedback lessons learned
  • Key risk management lessons from the oil and gas industry and megaprojects in particular
  • Applying the lessons and how to implement in my organization

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